Qualcomm's potential break-up could lead to courtship with Intel

Jul 24, 2015

It could be a match made in heaven.Wall Street says Intel Corp is the best suitor for Qualcomm Inc's chip unit, if the maker of Snapdragon mobile processors decides to break itself up."The chip deal to end all chip deals," says Cowen and Co analyst Timothy Arcuri, would give Intel's smartphone chip making business a much-needed boost.It would also allow Intel to expand its footprint in the key Chinese market.Other suitors for Qualcomm's chip business, valued at $30 billion-$40 billion, could include a consortium backed by the Chinese government and Samsung Electronics Co Ltd.Qualcomm...